skip to content

Market News

Micro Focus notes syndication of new $5.5bn facilities

31 March 2017 07:22

Micro Focus International noted the launch of the syndication process for a proposed new credit facility of $5.5bn in relation to the proposed merger with the Software Business Segment of Hewlett Packard Enterprise.

The new facilities comprised a $500m revolving credit facility placed with a number of financial institutions and $5bn of term loans.

The new facilities would be used to fund the pre-completion cash payment to HPE of $US2.5bn, refinance the existing facilities of Micro Focus of about $1.5bn, fund the RoV to Micro Focus' existing shareholders of $400-$500m, and pay transaction costs.

The balance would be used for general corporate and working capital purposes.

Story provided by

Related Company: MCRO

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?


Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.